An update from Nokia ( (GB:0HAF) ) is now available.
Nokia has announced the repurchase of its own shares as part of a buyback program aimed at offsetting the dilution effects of shares issued to Infinera Corporation’s shareholders and certain stock-based incentives. The program, which began in November 2024, aims to acquire up to 150 million shares with a total expenditure of up to 900 million euros, and is set to conclude by the end of 2025. As of February 27, 2025, Nokia has acquired shares worth over 6.6 million euros, bringing its total ownership to over 261 million shares. This strategic move is expected to strengthen Nokia’s market position and reassure stakeholders of its commitment to maintaining shareholder value.
More about Nokia
Nokia is a leader in B2B technology and innovation, pioneering future-sensing, intelligent network solutions. With expertise in fixed, mobile, and cloud services, Nokia has been creating value through intellectual property and long-term R&D, led by Nokia Bell Labs, for over 100 years. Its efficient network solutions based on open architecture integrate seamlessly into various ecosystems, enhancing network commercialization and scalability. Service providers, enterprises, and partners worldwide trust Nokia’s network performance, responsibility, and security standards.
YTD Price Performance: 11.65%
Average Trading Volume: 2,771,107
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €25.47B
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